Perpetual Protocol PERP Price

What is Perpetual Protocol (PERP)?

In the fast-paced realm of decentralized finance (DeFi), Perpetual Protocol emerges as a trailblazer, offering a decentralized exchange (DEX) for futures on Ethereum and xDai. Founded by Yenfen Weng and Shao-Kang Lee, Perpetual Protocol stands out for its commitment to creating the world's best, most accessible, and secure decentralized derivatives trading platform.

Trading Innovation on Perpetual Protocol DEX

At the core of Perpetual Protocol is its decentralized exchange, allowing traders to go long or short on a diverse range of assets with up to 10x leverage. The platform operates on Ethereum and xDai, providing users with the advantage of low gas fees. Notably, all trading activities are executed on-chain, ensuring non-custodial trading where users retain possession of their assets.

Perpetual Protocol employs a virtual automated market maker (vAMM), a unique solution that diverges from traditional order book models. This vAMM, set by the operator, establishes initial liquidity and facilitates market-neutral, fully collateralized trades. The platform's market model settles all trades in USDC, offering traders a seamless experience with low slippage and good liquidity.

Perpetual Protocol's Unique Features

Perpetual Protocol's innovative approach extends to its utility token, PERP, designed to incentivize and facilitate decentralized governance. With a total supply of 150 million PERP tokens, the circulating supply is currently 68.7 million. The token distribution encompasses various stakeholders, including liquidity providers, seed investors, strategic investors, and the ecosystem.

The perpetual contracts trading platform is fortified by security measures, including audits by Consensys and Peckshield. The community-governed protocol features a bug bounty program to enhance smart contract security. The network operates on xDai, while the PERP token is an ERC-20 token on Ethereum, utilizing Chainlink as an oracle for funding rate calculations.

Perpetual Protocol's Vision and Roadmap

Perpetual Protocol's vision extends beyond its current offerings. The roadmap includes milestones like launching staking pools, implementing limit and stop-orders, expanding to other chains, introducing leveraged tokens, and launching dynamic liquidity in its pools. The protocol embraces the DeFi money lego ethos, fostering an ecosystem where projects can build on Perpetual Protocol.

Where to Join the Perpetual Revolution

For those eager to explore the world of Perpetual Protocol, PERP tokens are available on UniSwapV2, Binance, Kraken, and Gate.io. The platform's commitment to accessibility, security, and innovation positions it as a prominent player in the ever-evolving landscape of decentralized finance.

In conclusion, Perpetual Protocol is not just a decentralized exchange; it is a paradigm shift in the way we envision and engage with decentralized finance. As the platform continues to evolve, it remains dedicated to providing a seamless and secure trading experience for users worldwide.

What is unique about Perpetual Protocol (PERP)?

Perpetual Protocol stands out for its innovative virtual automated market maker (vAMM) model, providing traders with on-chain, non-custodial, and fully collateralized trading experiences, all settled in USDC. This unique approach ensures low slippage, good liquidity, and a seamless perpetual contracts trading platform.

Who are the founders of Perpetual Protocol (PERP)?

Perpetual Protocol was founded by Yenfen Weng and Shao-Kang Lee, visionary Taiwanese entrepreneurs with a background in launching payroll and accounting services for crypto startups.

Who are the backers/investors of Perpetual Protocol (PERP)?

Perpetual Protocol is backed by reputable investors, including Zee Prime Capital, Multiarrows Capital, CMS Holdings, Binance Labs, and Alameda Research – a strategic partner of FTX. These investors played a crucial role in the company's $1.8 million seed round in 2020.

Where can I buy Perpetual Protocol (PERP)?

You can buy Perpetual Protocol (PERP) on Binance, Bitget, MEXC, Bybit, Gate.io cryptocurrency exchanges.